OPEC expects demand for the cartel’s crude in 2019 at almost 1 million barrels a day (MMbbl/d) less than last year as supply is expected to outweigh demand.
Texas State Senator Brian Birdwell advised the Texas Pipeline Association against complacency simply because the Trump administration is oil and gas friendly.
Winter storm is spurring higher demand for gas, but NGL prices are mostly static.
Natural gas prices have surged forward since Jan. 13 in the biggest gain since November and Stratas Advisors expect cold weather to offer positive pressure to price activity for the week ahead.
The EIA’s new forecast sees that the recently occurring anomaly of the U.S. as a net oil exporter will eventually become the norm.
Concurrent with its formation, the JV, SemCAMS Midstream, also agreed to acquire the Montney operating portfolio of Meritage Midstream ULC.
A Permian standard is emerging after experimentation during a decade of drilling the basin’s multiple unconventional shales has found diminishing returns, says CEO of reserve evaluation firm Haas Engineering.
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Seismic shifts lie ahead as the U.S. continues to grow as a global energy export power.
The recently expanded Panama Canal provides an essential connection for LNG and other energy exports.
Several companies in the sector play crucial roles as the midstream grows to handle greater sales abroad.
Important trends could buffet the growing U.S. export market.
I fell into the energy business midway between the two shortage-plagued oil shocks of the 1970s and I relish several high points during my career: visits to the North Sea and Prudhoe Bay; a tour of Henry Hub; time at Kenai, Alaska, within the nation’s first LNG liquefaction plant; and an itinerary around Singapore’s sprawling refinery/petrochemical industry.